The government of the UAE, with the vision to attract foreign investments, has established over 40 business-friendly free zones in the country. A free zone company formation in is the most lucrative option if you want to establish a business setup in this global trade and investment hub.
Ajman Free Zone (AFZ) is a prime location for business owners and investors for UAE free zone business setup. In this blog post, we’ll walk you through an ultimate guide to free zone company formation in the Ajman Free Zone.
Why is Ajman Free Zone a Prime Location for Businesses?
Ajman UAE Free Zone business setup , which was established in 1988, is a prime location for businesses because of its favorable location. It is just 30 minutes away from Dubai and Sharjah International airports and located in proximity to a major transportation port, Ajman Port. For foreign investors who want to expand their business in the booming economy of the UAE, AFZ’s strategic location provides easy access to major domestic markets and international markets in the Middle East.
Benefits of Setting Up a Business in Ajman Free Zone:
Ajman UAE Free Zone business setup benefits offer a business-friendly environment to foreign investors in the UAE.
- Tax incentives: The most significant benefit among the free zone benefits of AFZ is a 100% exemption on corporate tax and import and export duties.
- Repatriation of profits: Businesses establishing UAE free zone business setup are not restricted to repatriating 100% of their profits and income by sale of their assets to their home country.
- Foreign ownership: 100% ownership of their enterprises is granted to foreign investors in the Ajman Free Zone.
- Modern infrastructure: AFZ offers excellent facilities and access to state-of-the-art infrastructure, which makes it a cost-effective and lucrative option for small and medium-sized businesses.
- Zero Currency Restrictions: Zero currency restrictions allow more convenient transactions as there are no limitations on cash, transferring funds, or international transactions.
- Supportive environment: Ajman UAE Free Zone business setup Authority offers affordable licenses, flexible packages, and an online portal to streamline the process of free zone company formation in the UAE.
How to obtain a Business License in the Ajman Free Zone?
A free zone license in the UAE is a mandated document that legally permits businesses to operate business in the allotted free zones in the country. To obtain a business license in the Ajman Free Zone, you can follow these steps:
- Choose the license type based on your business needs. Commercial, industrial, and service are the three types of business licenses offered by AFZ to business owners.
- Choose the type of physical office space (private or shared) with the required facilities for your business. AFZ authority also provides accommodation for employees to establish a business-friendly atmosphere.
- The next is UAE company registration, in which you have to select a unique name for your business that complies with the AFZ guidelines. Then apply along with the required documents to AFZ authority for company name registration.
- Put together the mandate documents, such as a business plan, passport copies of the owner and stakeholders of the business, financial report, etc. Include these documents with the application form for a free zone license in the UAE.
- After reviewing your documents, the authorities will contact you if there are any problems or provide you with initial approval for your freezone business setup.
- Pay the applicable fees to the AFZ authority to acquire an Ajman UAE Free Zone business setup license.
- After your application gets approved, you’ll obtain a business license for your free zone company formation in the UAE and can begin conducting operations of your business.
Ajman Free Zone Company Setup Costs and Packages:
The approximate costs and packages to set up a company in the Ajman UAE Free Zone business setup can range from AED 5,000 to AED 20,000. The final cost for UAE free zone business setup depends on factors like the number of visas, rental space, business activity type, the number of licenses, Emirates ID, medical checkup, and registration fee.
Industries Thriving in Ajman Free Zone:
Ajman Free Zone welcomes businesses that indulge in different sectors, including education, manufacturing, textile, beauty, healthcare, automotive, and many more. Key industries thriving in AFZ are:
- Education: AFZ is home to renowned educational institutions, including universities, skill centers, research centers, etc. The education sector here is important for the region’s economy and fulfills the demand for highly educated and skilled professionals.
- Healthcare and beauty: Ajman Free Zone is home to over 200 healthcare and beauty companies that offer efficient and high-quality services.
- Manufacturing: AFZ offers incentives to manufacturing businesses and is home to several manufacturing companies indulging in operations like rubber, plastic, packaged food, and beverage manufacturing.
- Textiles: Textiles are the second-biggest industry in the UAE. Ajman Free Zone is offering support to textile-based companies with the vision to become a strategic hub for the textile sector in the country.
How Start Any Business UAE Simplifies Your Ajman Free Zone Setup?
With more than 10 years of experience, Start Any Business (SAB), UAE is a leading management consultancy that has assisted over 500 companies in successfully establishing themselves in the country. They are directly associated with government bodies, which makes them a risk-free and secure partner for your UAE free zone business setup in the Emirates. Join hands with their advisory team of experts for successful free zone company formation in the UAE.
